Trade Wiki

Contribute to Trade Wiki
Besttradesolution welcomes users contribution to Trade Wiki. If you have more detail on the subject and confident to explain the subject matter better, please feel free to update the information.It may take some time to appear your update on the site while we process any submission.Please do not copy information directly from other sites. Thank you for your contribution.

Acceptance House [Last Updated by: admin on 2012-01-01]
Financial institution lending money on the security of bills of exchange. It may lend money on a bill or add its name to a bill drawn on another party, especially in foreign trade. Acceptance houses often lend money to an exporter to cover the gap between the production of goods and the receipt of proceeds from their sale. The loan is made through a Bill of Exchange and is sometimes called an acceptance credit.

Please Login to Update This Term

Sponsored Content

Recent Reviews

ICC Guide to the Uniform Rules for Bank Payment Obligations
ISBP Online
From Beginning to Beginning

Latest in Trade Library

UCP 600 Exclusions in Perspective
Use of Transport Document in International Trade
The Place of Receipt Case

Your Right To Vote

Which Letter of Credit Expires in Importing Country instead of Exporting ?
It is Usance L/c
It is Deffered L/c
Never Heard of It

Poll initiated by FaisalFahim

Acceptance House - Best Trade Solution